State Street enhances its ESG platform 31 May 2019London Reporter: Jenna Lomax
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State Street has made a series of enhancements to ESGX, the firm’s web-based platform that provides its clients with tools to assess environmental, social and corporate governance (ESG)-factor exposure in their portfolios.
Clients will be able to access an interactive web-based tool that calculates ESG scores through a combination of both human and machine-generated data allowing for greater transparency into potential sources of portfolio risks and opportunities.
The platform’s enhancements include newly integrated carbon metrics such as carbon footprint and intensity and offers clients monthly, quarterly and annual ESG reporting.
ESGX’s capabilities include additional asset class, corporate bonds, four new data providers and improved functionality, resulting in a quick and concise reading of portfolio data.
The four new data providers, IdealRatings, MSCI ESG Research, Trucost ESG Analysis and Sustainalytics US, enable a global analysis of ESG data including performance, volatility and returns.
Mark McDivitt, head of ESG at State Street, said: “ESG data and reporting is more important than ever to institutional investors. The new suite of ESG data providers recently added to ESGX will offer enhanced granularity particularly around the ‘E’ of ESG or sustainability risk embedded in our clients’ portfolios.”
Richard Mattison, CEO of Trucost, part of S&P Global, commented: “At S&P Global we have seen a rapid increase in demand for environmental and climate risk data and analysis. We are excited to partner with State Street on offering an alternative stream of Trucost environmental data to enhance business decision making.”
Diederik Timmer, executive vice president of client relations at Sustainalytics, said: “With more feature-rich functionality and in-depth ESG information now on ESGX, institutional investors have an even wider array of analytics and tools to support their investment decision-making processes.”
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